In the past, you had to manually withdraw funds and deposit them into the recipient's account in order to transfer money between two bank accounts. Imagine how time-consuming and tedious that would be. However, all of that is now a thing of the past because of the Internet.
Money can now be transferred electronically from one bank account to another at a different bank using EFT services like PESONet and InstaPay. You can, for instance, move money from BDO to BPI. To transfer money, all you need to do is log in to the BDO online banking website or mobile app, then provide the recipient's bank account information. All you need is an Internet-connected smartphone or computer. ,'_com-medrectangle-3','ezslot_5',191,,_('div-gpt-ad-_com-medrectangle-3-0');
You can transfer money or make a payment to another bank account without going to the bank with PESONet and InstaPay. Additionally, you won't have to wait for several days. For InstaPay, electronic fund transfers are typically completed in real time, with PESONet taking up to two banking days.
A participating bank can also accept over-the-counter fund transfers. The advantages of over-the-counter transfers are similar to those of online fund transfers, with the exception that the sender personally deposits the funds at the bank before the bank makes the transfer on his behalf.
However, online fund transfers may incur a small transaction fee, just like any other banking transaction. During the general community quarantine, many banks have not charged transfer fees, but some have said they will in 2021. This is why we've updated the PESONet and InstaPay fees for each bank and e-wallet. 300,250], '_com-medrectangle-4', 'ezslot_6', 192,, _('div-gpt-ad-_com-medrectangle-4-0');
Table of PESONet and InstaPay Transfer Fees This table shows the PESONet and InstaPay transfer fees as of June 30, 2021. You can quickly look up your bank or e-wallet (such as BDO, BPI, or GCash) by using the search box below. The data can also be sorted from lowest to highest or vice versa.
Name of the bank or electronic wallet: PESONetInstaPay Al-Amanah Islamic Investment Bank of the Philippines: 55N/A AllBank, Inc.: 2515 Asia United Bank Corporation: FreeFree Australia and New Zealand Banking Group, Ltd. Free - 400 baht; Bangkok Bank Public Co. Ltd. - 150 baht; Bank of America, N.A. - 200 baht; Bank of China, Ltd. - 2,100 baht; Manila Branch - 30 baht; Bank of Commerce - 10 baht; Bank of Florida, Inc. - 25 baht; Bank of Makati, Inc. - 50 baht; Free - N/A Bank of the Philippine Islands (BPI) Free - 50 BDO Unibank, Inc. Free - 25 BPI Direct Banko, Inc., A Savings Bank: Free - 50 Free - 25 Camalig Bank, Inc.: 20 - 500 Free Card Bank, Inc.: Free - 50 25 BDO Network Bank, Inc.: 100 - 500 Receiver only N/A - 12 Cathay United Bank Co., Ltd. Manila Branch - 200 Cebuana Lhuillier Rural Bank, Inc. - 50 China Bank Savings, Inc. - Free - Free CIMB Bank Philippines, Inc. Country Builders Bank, Inc. 100N/A FreeN/A Citibank, N.A. N/A CTBC Bank (Philippines) Corporation is free; DCPay Philippines Inc. (Coins.ph) is free; Deutsche Bank AG is free; Dungganon Bank, Inc. is free; East West Banking Corporation is free; and East West Rural Bank, Inc. is free. Equicom Savings Bank, Inc. FreeFree Free - 15 Free - 15 First Consolidated Bank, Inc. Free - 15 G-Xchange Inc. (GCash) Free - 15 Gpay Network PH, Inc. (GrabPay) Free HSBC Savings Bank, Inc. (HSBC SB) Free - 50 Industrial Bank of Korea (200) ING Bank N.V. Manila Branch Free Free JP Morgan Chase Bank, N.A. Free - 125 KEB Hana Bank – Manila Branch Free Free Malayan N/A 10 Philippine Bank of Communications (PBCom) 15 - P500 1 - 20 Philippine Business Bank Free Receiver Only 10 - P50 10 - 15 Philippine Savings Bank (PSBank) Free Receiver Only Producers Savings Bank Corporation 100 - 500 N/A Rizal Commercial Banking Corporation 10 Free - 25 Robinsons Bank Corporation (RBC) 1 - 100 1 - 25 Rural Bank of Guinobatan, Inc. Shinhan Bank Manila is free; Standard Chartered Bank is free; StarPay Corporation is free; Sterling Bank of Asia, Inc. is free; Sumitomo Mitsui Banking Corporation - Manila Branch is free; Sun Savings Bank is free; The Hongkong & Shanghai Banking Corporation (HSBC) is free; Union Bank of the Philippines is free; United Coconut Planters Bank (UCPB) is free; and United Overseas Bank Limited, Manila Branch is free. 775N/A Yuanta Savings Bank Philippines, Inc. 100N/A The fees in the table come from the website of the Bangko Sentral ng Pilipinas and are subject to change at any time. Before making a fund transfer, we recommend checking the PESONet or InstaPay fees on your bank's website or mobile app.
As soon as any fees are added or changed, the list will be updated.
Tags: InstaPay online banking PESONet300,250],'','ezslot_14',722,,_('div-gpt-ad--0');" - https://www.affordablecebu.com/
